According to Mortgage Bankers Association: 30 years loan average 4.89% and 15 years loans just above 4.6%. This a great time to buy a house. This the lowest rate over 20 years.
New Stimulus Package made the current $7,500 tax credit non-repayable; 275 billion in tax cuts and incentives; $550 billion for outlays on the highways, mass transit, improvements to bridges etc.
National Association of Builders: major new tax credit designed to stimulate sales immediately up to $22,000 in non-repayable credit for all purchasers this year.
National Association of Realtors asked Congress to consider expanding the $7,500 first-time purchaser credit to all buyers of houses and to make the credit non-repayable. Such a change could produce an additional 555,000 home sales in the coming two years (this will being the excess inventory down).
In Warner Robins(Houston County) there's 1,446 homes on the market and 84 of the homes are foreclosures. According to BusinessWeek named Warner Robins is a best place in GA to raise children; based on school performance, crime rates, job growth, family income, diversity and cultural amenities. Houston County has a great market.
If you need a Realtor, please don't hesiate, I will love to help you in your new investment.
Angela Fleming
Exit Success Realty
478-542-4426
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